Mumbai: 3.30 PM: Last hour selling pressure dragged benchmark indices sharply. The market ended at 13-month closing low.
The Sensex was down 242.88 points or 0.9 percent at 25453.56 and the Nifty slipped 68.85 points or 0.9 percent at 7717.
About 1226 shares have advanced, 1398 shares declined, and 134 shares are unchanged.
3.10 PM: Market slips again: The market is wobbly with no major support. The Nifty breached 7700 briefly. The Nifty is down 80.35 points or 1 percent at 7705.50. The Sensex is down 287.22 points or 1 percent at 25409.22.
About 1127 shares have advanced, 1452 shares declined, and 118 shares are unchanged. BHEL plunges 6 percent, SBI is down 4 percent while ONGC, HDFC and Coal India are other major laggards.
3:00 PM: Equity benchmarks extended losses in last hour of trade. The Sensex plunged 226.86 points or 0.88 percent to 25469.58 and the Nifty dropped 60.05 points or 0.77 percent to 7725.80.
About 1161 shares have advanced, 1395 shares declined, and 117 shares are unchanged on the BSE.
12:00 PM: The market continued to be volatile in noon trade following sharp fall in previous session. The Sensex gained 30.93 points at 25727.37 and the Nifty rose 14.50 points to 7800.35.
The broader markets were marginally in positive terrain as about 1205 shares have advanced against 1070 shares declined on the Bombay Stock Exchange.
9:00 AM: Markets cheered the government's move to waive MAT on capital gains made by FIIs retrospectively with the benchmark BSE Sensex gaining 242 points in opening trade on buying by funds and retail investors.
The 30-share index rose by 242.93 points, or 0.94%, to 25,939.37 points in early trade with all sectoral indices led by realty, consumer durables and capital goods trading in positive zone with gains up to 2.20%. The barometer had lost 695.94 points in the previous two sessions.
The wide-based Nifty of the National Stock Exchange regained the 7,800-mark by surging 76.70 points, or 0.98% to 7,862.55.
Markets recovered from Tuesday's sharp losses after government decided to that MAT should not be imposed on overseas portfolio investors retrospectively, brokers said. Major gainers were ITC Ltd (1.30%), Sun Pharma (0.81%), Axis Bank (0.80%), Lupin (0.74%), TCS (0.64%), RIL (0.61%), Infosys (0.58%), Wipro (0.21%), HDFC Ltd (0.19%) and
Hindalco (0.07%).
Among Asian markets, Japan's Nikkei rose 0.79%, while Hong Kong's Hang Seng fell by 0.99%. Shanghai Composite was trading 1.34% lower in early trade.
The US Dow Jones Industrial Average tumbled 2.84% in Tuesday's trade.
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